Northeast Utilities Raises Common Dividend

  Northeast Utilities Raises Common Dividend

Business Wire

HARTFORD, Conn. & BOSTON -- February 5, 2013

The Northeast Utilities (NYSE: NU) Board of Trustees today approved a
quarterly dividend of $0.3675 per share, payable on March 28, 2013, to
shareholders of record as of the close of business on March 1, 2013.

The March 2013 dividend represents a 7.1 percent increase over NU’s previous
quarterly dividend level.

“This increase underscores our confidence in the company’s financial outlook,
while at the same time continuing a conservative payout level that allows us
to continue to make very substantial investments in the region’s electric and
natural gas infrastructure, which we project will be approximately $1.6
billion in 2013,” said Thomas J. May, NU president and chief executive
officer.

May noted that the new annualized dividend rate of $1.47 per share is
consistent with NU’s plan to grow its dividend in line with its earnings
growth and above the average annual dividend increase for the electric utility
industry.

Northeast Utilities (NU) operates New England’s largest energy delivery
company. NU and its companies are committed to safety, reliability,
environmental leadership and stewardship, as well as expanding energy options
for its more than 3.5 million electric and natural gas customers in
Connecticut, Massachusetts and New Hampshire. NU is traded on the New York
Stock Exchange under the symbol NU and has approximately 314 million common
shares outstanding. Learn more about NU and its family of companies at
www.nu.com.

This news release includes statements concerning NU’s expectations, beliefs,
plans, objectives, goals, strategies, assumptions of future events, future
financial performance or growth and other statements that are not historical
facts. These statements are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. In some cases, readers
can identify these forward-looking statements through the use of words or
phrases such as “estimate, “expect,” “anticipate,” “intend,” “plan,”
“project,” “believe,” “forecast,” “should,” “could,” and other similar
expressions. Forward-looking statements involve risks and uncertainties that
may cause actual results or outcomes to differ materially from those included
in the forward-looking statements. Factors that may cause actual results to
differ materially from those included in the forward-looking statements
include, but are not limited to, actions or inaction of local, state and
federal regulatory and taxing bodies; changes in business and economic
conditions, including their impact on interest rates, bad debt expense and
demand for NU’s products and services; changes in weather patterns; changes in
laws, regulations or regulatory policy; changes in levels or timing of capital
expenditures; disruptions in the capital markets or other events that make
NU’s access to necessary capital more difficult or costly; developments in
legal or public policy doctrines; technological developments; changes in
accounting standards and financial reporting regulations; fluctuations in the
value of our remaining competitive contracts; actions of rating agencies; the
possibility that expected merger synergies will not be realized or will not be
realized within the expected time period; and other presently unknown or
unforeseen factors. Other risk factors are detailed from time to time in NU’s
and NSTAR’s reports filed with the Securities and Exchange Commission. Any
forward-looking statement speaks only as of the date on which such statement
is made, and NU undertakes no obligation to update the information contained
in any forward-looking statements to reflect developments or circumstances
occurring after the statement is made or to reflect the occurrence of
unanticipated events.

Contact:

Northeast Utilities
Jeffrey R. Kotkin, 860-728-4650
 
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